Piedmont Business Leaders Is Currently Holding Virtual Meetings!
During these times, we will continue to support our members and fellow Triad businesses. Now is the time—more than ever—to connect to fellow business people in a supportive environment. If you would like to attend one of our virtual meetings and help set up your business to hit the ground running on the other side of this pandemic, please contact us for details.
NC Rapid Recovery for Small Businesses
Access to Business Assistance
Put together by the Greensboro Library: https://www.greensboro-nc.gov/home/showdocument?id=45354
Federal Stimulus Check Status
You can check on the status of your federal stimulus check here: https://www.irs.gov/coronavirus/economic-impact-payments
Coronavirus Business Assistance Resources from Inc. Magazine
Several valuable articles here: https://www.inc.com/kevin-j-ryan/coronavirus-resource-list-for-businesses.html?cid=sf01001
NC Insurance Update Info from Shelby Kernodle
I would like to reiterate to our PBL family and their family that NOW is the time to know …”Who your insurance agent, financial advisor, CPA, banker, attorney, etc. is?”
As always, I will continue to be available as much as possible to my clients by email, phone and text! The information below is NC statewide by DOI, not exclusive to Farm Bureau or any other insurance company. However is it great consumer information and I’m sure that most individual companies with work with their clients through this time.
For Farm Bureau clients: https://www.ncfbins.com/alerts/announcementcenter.html
The section below is directly from the www.ncdoi.gov home page regarding what I mentioned this morning.
Coverage Related to the Coronavirus Health Emergency: With the recent pandemic of the coronavirus, some business owners may be wondering whether their insurance policies cover losses resulting from a business shut down or other losses related to the coronavirus. Under the business income policy, there likely is no coverage as losses occurring as a result of a virus or bacteria are typically excluded. Business owners with questions about their coverage should contact their agent/broker or insurer directly and consider whether it is in their own best interest to file a claim. Please note that the North Carolina Department of Insurance does not have the authority to require insurers to extend coverage under the policy where specifically excluded or to sell this type of coverage to consumers.
Rapid Recover Loan Program
The Golden LEAF Foundation is announcing the NC COVID-19 Rapid Recovery Loan Program. Businesses are eligible for bridge loans of up to $50k with 6 months of no interest and no payments.
Who is eligible?
* NC small business affected by COVID-19
* Applicants must have at least one (1) employee, who could be the self-employed owner.
* Start-up businesses that began operations before 3/23/20 are eligible.
* Farm businesses
* Non-profits are not currently eligible
These loans are intended to support businesses until they are able to secure an SBA loan or other long-term assistance. If not repaid in six months, the loans will automatically convert to a term loan.
For information on the NC COVID-19 Rapid Recovery Loan Program and to apply for a loan visit: ncrapidrecovery.org
Slides from 3/25/20 PBL Meeting
SBA Disaster Assistance Loans Available for Small Businesses
Details and online application here.
More info, audio call, plus FAQs here.
How to Set Up a Computer Workstation During the Coronavirus: Planning for Convenience & Ergonomic Comfort at Home
Full article here.
Living and Working through Coronavirus
Click here for the following Facebook Live events.